An Inflow, At Last! Muni Funds Break 33-Week Losing Streak

By Michael Aneiro

You knew it was close, and it was leaning in that direction last week, and this week it finally happened: municipal bond mutual funds and ETFs finally broke a 33-week losing streak and reported their first net weekly inflow since last May, per Lipper data.

Lest you get yourself too excited, it was about as modest an inflow as possible, weighing in at a bantamweight $103 million, after outflows weighed in between $1.5 billion and $1.9 billion in four of the previous five weeks. The four-week moving average still shows a $720 million average weekly outflow.

But still! It’s about time the muni market had something cheerful to talk about.